§ Major Legge-Bourke
asked the Chancellor of the Exchequer whether he will make a statement about the rates of interest charged to local authorities borrowing from the Local Loans Fund.
§ Mr. Barber
A Treasury Minute made yesterday provides that loans advanced to local authorities from the Local Loans Fund on and after 30th January, 1960, until further notice shall carry the following rates of interest:
per cent. Loans for not more than 5 years 5½ Loans for more than 5 years but not more than 15 years 6 Loans for more than 15 years but not more than 30 years 6 Loans for more than 30 years 5⅞